prepare consolidated balance sheet as per proportionate and fair value method of IND AS with detailed explanation.

Balance sheet as at 31st March 2015:- Liabilities Assets H S Limited Limited Limited Limited Equity 6,00,000 2,00,000 Sundry 3,70,000 1,45,000 shares of Assets 10 each fully paid Reserves 1,50,000 70,000 70% Shares 2,60,000 in S Limited at cost Creditors 90,000 60,000 Stock 1,75,000 1,89,000 Profit and 70,000 50,000 Debtors 55,000 30,000 loss account Cash at 50,000 10,000 Bank Preliminary 6,000 expenses 9,10,000 3,80,000 9,10,000 3,80,000 H Ltd acquired the shares of S limited on 30th June 2014. On 1 April 2014, S limited's general reserve and profits and loss account stood at 60,000 and 20,000 respectively. No part o the preliminary expenses were written off during the year ended 31st March 2015 Prepare a consolidated balance sheet as on 31st March 2015